Carvana Co. (NYSE:CVNA) Shares Acquired by No Street GP LP

No Street GP LP grew its holdings in Carvana Co. (NYSE:CVNA) by 66.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,000 shares of the company’s stock after acquiring an additional 140,000 shares during the quarter. Carvana accounts for 4.7% of No Street GP LP’s portfolio, making the stock its 9th largest holding. No Street GP LP owned approximately 0.17% of Carvana worth $71,176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CVNA. Norges Bank bought a new stake in Carvana in the fourth quarter valued at about $179,364,000. Vanguard Group Inc. lifted its position in shares of Carvana by 5.6% during the 4th quarter. Vanguard Group Inc. now owns 11,425,367 shares of the company’s stock worth $2,323,463,000 after buying an additional 610,234 shares during the period. Castle Hook Partners LP acquired a new stake in Carvana in the 4th quarter valued at $116,020,000. BNP Paribas Financial Markets boosted its stake in Carvana by 89.8% in the 4th quarter. BNP Paribas Financial Markets now owns 1,018,321 shares of the company’s stock valued at $207,086,000 after buying an additional 481,912 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Carvana during the fourth quarter worth $86,636,000. Institutional investors own 56.71% of the company’s stock.

Carvana Stock Up 4.8%

Shares of Carvana stock opened at $293.00 on Wednesday. Carvana Co. has a 1 year low of $97.55 and a 1 year high of $299.00. The company has a debt-to-equity ratio of 3.82, a current ratio of 3.64 and a quick ratio of 2.12. The company has a market capitalization of $62.46 billion, a P/E ratio of 186.62 and a beta of 3.61. The business has a 50-day moving average of $213.32 and a two-hundred day moving average of $228.39.

Carvana (NYSE:CVNA) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.76. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $3.94 billion. Carvana had a net margin of 1.54% and a return on equity of 36.59%. The business’s revenue was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, equities analysts predict that Carvana Co. will post 2.85 EPS for the current year.

Analyst Ratings Changes

CVNA has been the topic of several analyst reports. Morgan Stanley raised shares of Carvana from an “underweight” rating to an “overweight” rating in a report on Monday, March 31st. Robert W. Baird lifted their price target on Carvana from $200.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Royal Bank of Canada boosted their target price on shares of Carvana from $320.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their target price on Carvana from $290.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Finally, Bank of America boosted their price objective on Carvana from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.59.

Insider Buying and Selling

In other news, COO Benjamin E. Huston sold 50,000 shares of Carvana stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $150.90, for a total value of $7,545,000.00. Following the sale, the chief operating officer now directly owns 123,803 shares in the company, valued at $18,681,872.70. This trade represents a 28.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Taira sold 27,593 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $225.03, for a total transaction of $6,209,252.79. Following the completion of the sale, the insider now directly owns 179,673 shares in the company, valued at approximately $40,431,815.19. This represents a 13.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 441,353 shares of company stock valued at $99,768,424. Company insiders own 16.36% of the company’s stock.

Carvana Profile

Carvana Co, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the United States. Its platform allows customers to research and identify a vehicle; inspect it using company's 360-degree vehicle imaging technology; obtain financing and warranty coverage; purchase the vehicle; and schedule delivery or pick-up from their desktop or mobile devices.